{"id":1027,"date":"2024-08-26T13:03:19","date_gmt":"2024-08-26T13:03:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=1027"},"modified":"2024-08-26T13:03:19","modified_gmt":"2024-08-26T13:03:19","slug":"semler-scientific-buys-additional-5-million-worth-of-bitcoin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=1027","title":{"rendered":"Semler Scientific Buys Additional $5 Million Worth of Bitcoin"},"content":{"rendered":"<p>Medical device company <a href=\"https:\/\/bitcoinmagazine.com\/tags\/semler-scientific\">Semler Scientific<\/a> announced it <a href=\"https:\/\/www.prnewswire.com\/news-releases\/semler-scientific-announces-additional-bitcoin-purchases-302230158.html\">purchased<\/a> an additional 83 Bitcoin for $5 million in cash. This latest buy expands Semler&#8217;s total Bitcoin holdings to 1,012 BTC acquired for $68 million.<\/p>\n<p>JUST IN: \ud83c\uddfa\ud83c\uddf8 Public Company Semler Scientific buys another 83 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> worth $5 million. <a href=\"https:\/\/t.co\/bQszFQcOF4\">pic.twitter.com\/bQszFQcOF4<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1828044986463522848?ref_src=twsrc%5Etfw\">August 26, 2024<\/a><\/p>\n<p>The move comes as Semler embraces a strategy of adding Bitcoin to its balance sheet. <a href=\"https:\/\/bitcoinmagazine.com\/business\/healthcare-company-semler-scientific-buys-40-million-bitcoin-adopts-as-treasury-reserve-asset\">In May<\/a>, the company invested $40 million to purchase 654 BTC in its first major embrace of Bitcoin. Semler said it views Bitcoin as its primary treasury asset.<\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/business\/semler-scientific-to-raise-150m-to-buy-more-bitcoin\">In June<\/a>, Semler announced another $17 million Bitcoin acquisition of 247 BTC and said it planned to raise up to $150 million through an equity program to further boost its Bitcoin holdings. <a href=\"https:\/\/bitcoinmagazine.com\/business\/semler-scientific-buys-another-6-million-worth-of-bitcoin\">Earlier this month<\/a>, they bought an additional 101 Bitcoin worth $6 million.\u00a0<\/p>\n<p>&#8220;Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding Bitcoin,&#8221; said CEO Doug Murphy-Chutorian in June. &#8220;We will continue to pursue our strategy of purchasing Bitcoins with cash.&#8221;<\/p>\n<p>Semler appears to be following <a href=\"https:\/\/bitcoinmagazine.com\/tags\/microstrategy\">MicroStrategy&#8217;s<\/a> Bitcoin treasury playbook. Since 2020, MicroStrategy has purchased over 225,000 bitcoins worth billions of dollars. Its Bitcoin bets have increased the company&#8217;s enterprise value dramatically.<\/p>\n<p>Other public companies, such as MARA, Metaplanet, and others, have also added Bitcoin to their balance sheets. More firms are realizing the potential benefits of holding Bitcoin as a reserve asset and hedge against inflation.<\/p>","protected":false},"excerpt":{"rendered":"<p>Medical device company Semler Scientific announced it purchased an additional 83 Bitcoin for $5 million in cash. This latest buy expands Semler&#8217;s total Bitcoin holdings to 1,012 BTC acquired for $68 million. JUST IN: \ud83c\uddfa\ud83c\uddf8 Public Company Semler Scientific buys another 83 #Bitcoin worth $5 million. pic.twitter.com\/bQszFQcOF4 \u2014 Bitcoin Magazine (@BitcoinMagazine) August 26, 2024 The [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/1027"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1027"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/1027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/1028"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}